Sports Betting in the US – Sports betting is a type of gambling activity that refers to the act of placing a wager on the outcome of a sporting event. It is a pastime that has continued to enjoy a huge amount of growth across the U.S. in recent years for a variety of reasons, including the fact that it has started to be legalized.
In this article, we will take a look at what some of the most popular sports are to bet on for Americans and reveal why so many are continuing to enjoy wagering on them as often as they can.
Sports Betting in the US
This is permitted in the United States on a federal level, although it is not in every state. Sports bet regulations differ from state to state. A total of 26 states including Washington, DC, had legalized sports betting as of September 2021. Six more states have allowed sports betting but have yet to open licensed sportsbook.
Punters can gamble in land-based establishments, casinos, or betting shops, online and on their phones. Several states in the US have gone online, which means you can sign up from the comfort of your home and immediately begin betting with some of the country’s best online sportsbooks. This is thanks to these states forming partnerships with experienced operators to create top-notch sports betting products.
However, the sports betting industry in the United States is growing with relative speed. Many sites have legalized the pastime and even more are in the process of doing so.
Most bet on sports in the US
Football is the most popular & favorite sport for betting in the United States. It is also the second most wagered on in the world. Following the Super Bowl in February, bettors must wait until the NCAA and then the NFL to bet on this sport again. NFL wagers account for approximately half of all sports wagers in the United States, with many regularly participating in sports betting online when the season is in full swing.
Naturally, some games receive a lot of money during the season. In fact, looking at the figures for November in New Jersey, we can find that football is the most bet on sport, accounting for $433.3 million of the $931.6 million in the total bets.
Basketball is one of the most popular sports in the United States. As the NBA season usually runs from October to March, bookmakers see a lot of action across this sport. In fact, March Madness is one of the most popular events. It is one time of the year that basketball hits the headlines in terms of betting numbers.
According to the numbers for the NCAA tournament in 2019, New Jersey generated $106 million. This was more than three times the amount bet on the 2019 Super Bowl. As sports betting becomes more popular in New Jersey, as well as other legal betting states, this number will only likely rise.
The majority of American bettors are drawn to the sport of boxing for a variety of reasons, the most important of which is the competitive odds. In addition, the state of Nevada has staged a lot of contests that have bolstered boxing’s appeal among Americans.
Boxing events, like any other sport, are competitive and gain international attention. However, the only way to have fun betting on boxing matches is to be sure you know what you’re doing. That means you should be aware of the certain markets that are available to wager on.
Horse racing is another popular sport in the United States, for obvious reasons. For starters, horse racing betting markets are recognized for having favorable odds. Furthermore, several bookmakers have a large number of horse racing events that are available to bet on.
Baseball is one of the top five most bet on sports in the United States. In reality, it was reported in July 2020 that customers in New Jersey were betting $100,000 on baseball games at bookmakers.
To summarize, there are a number of different sports that Americans continue to enjoy betting on, with American Football and basketball just some of the most popular options when it comes to wagering online.